If a contractor receives an invoice of $5,269 with terms of 2/10 net 30, what is the amount due if processed by December 9?

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Multiple Choice

If a contractor receives an invoice of $5,269 with terms of 2/10 net 30, what is the amount due if processed by December 9?

Incentive terms like 2/10 net 30 give a 2% discount if you pay within 10 days of the invoice date; otherwise the full amount is due by day 30. Since payment is made by December 9, you’re within that 10-day window, so the discount applies to the $5,269 bill. The discount is 2% of 5,269, which is 105.38. Subtracting that from the original amount leaves 5,163.62. Rounding to the nearest dollar gives $5,164.

Incentive terms like 2/10 net 30 give a 2% discount if you pay within 10 days of the invoice date; otherwise the full amount is due by day 30. Since payment is made by December 9, you’re within that 10-day window, so the discount applies to the $5,269 bill. The discount is 2% of 5,269, which is 105.38. Subtracting that from the original amount leaves 5,163.62. Rounding to the nearest dollar gives $5,164.

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